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According to on-chain investigator Specter (@SpecterAnalyst), Tether has frozen four TRON chain wallets, holding a total of approximately 131 million USDT.Tracing the source of the funds, most of the funds were withdrawn from the payment service provider DTC Pay and the cryptocurrency exchange Bitso. Further investigation shows that the aforementioned wallets are linked to the Islamic Revolutionary Guard Corps (IRGC) of Iran and the Central Bank of Iran, which are on the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctions list. The official reason for the freeze has not yet been disclosed.

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.

According to market news, Bloomberg ETF analyst James Seyffart posted on X that updated filings have been submitted for its Ethereum ETF and Solana ETF, with expected trading codes of MSSE and MSOL, and a fee rate of 0.14%.

According to Lookonchain monitoring, the net outflow of Bitcoin ETFs in the United States was 6,904 BTC, with a net outflow of 8,166 BTC over 7 days. The net outflow of Ethereum ETFs was 8,807 ETH, with a net inflow of 26,101 ETH over 7 days.

Hyperbot data shows that as the ETH price rises, Huang Licheng's 25x leveraged Ethereum long position has exceeded a 100% return on investment, and he has now increased his position to 10,000 ETH, with a position value exceeding 19 million USD.

The Ethereum treasury company Sharplink posted on the X platform that since launching the ETH treasury strategy, the company's accumulated staking rewards in Ethereum have reached 23,490 ETH.In addition, the Ethereum staking rewards obtained by the company last week amounted to 499 ETH.

According to official news, Tether announced it will lead a $7 million Series A financing for Pact Labs, with Blockchange Ventures and Lasagna participating in the follow-on investment. The funds will be used to support Pact Labs in building infrastructure related to USA₮ and expanding its applications in payroll, earned wage access, credit, and daily payments.Pact Labs primarily provides digital wallet embedding, real-time payroll transfers, and financial service capabilities for enterprise platforms, aiming to improve the low processing efficiency and long settlement periods of the traditional U.S. payroll system. Tether stated that this collaboration aims to promote deeper integration of the digital dollar USA₮ designed for U.S. compliance standards into the daily financial systems of local workers and businesses.

The Ethereum institutional privacy technology company EthSystems has officially launched and received strategic funding support from ecosystem backers such as Bitmine, Sharplink Gaming, and Joe Lubin.EthSystems focuses on developing privacy technologies for banks, asset management companies, and other regulated entities, enabling institutions to execute financial transactions on the Ethereum network at scale while protecting sensitive information such as transaction details and client identities.The company was founded by the core team of the Institutional Privacy Task Force (IPTF) of the Ethereum Foundation. The team has publicly conducted a year-long open-source research and development on the EthSystems official website and has established partnerships with several central banks, regulatory agencies, large banks, and asset management institutions. EthSystems stated that while institutions have begun exploring stablecoins, tokenized assets, and Ethereum-based settlement solutions, large-scale adoption still faces privacy and compliance challenges.Financial institutions need more than just access to blockchain networks; they require a complete infrastructure that meets the protection of commercial secrets, regulatory requirements, and compatibility with existing financial systems. The goal is to create a "selective disclosure" privacy architecture that allows transaction participants to view only the information they are authorized to access while retaining the core advantages of Ethereum's decentralization, security, and openness, and complementing two other organizations: Ethlabs, which focuses on the research and development of Ethereum's core protocol and infrastructure; Ethereum Institutional, responsible for institutional collaboration, education, market research, and ecosystem coordination; and EthSystems, which focuses on application layer technology, transforming institutional needs into practical privacy protocols and financial systems.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $15.4092 million. The Ethereum spot ETF with the highest single-day net outflow is the Fidelity ETF FETH, with a single-day net outflow of $15.4092 million. Currently, the historical total net inflow of FETH has reached $2.134 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.458 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.43%. The historical cumulative net inflow has reached $10.958 billion.

Ethereum co-founder Joseph Lubin stated that Ethereum L1 transaction fees should remain low to promote ecosystem growth. It is expected that in the next 2 to 3 years, tens of thousands of companies will deploy on Ethereum L1, L2, and permissioned EVM networks, achieving cross-layer interoperability.Lubin believes that large-scale adoption will enhance the monetary premium of ETH and the total transaction fee revenue of L1. At the same time, staking and other locking mechanisms will reduce circulating supply. If ETH returns to a net destruction state, its value is expected to rise further.

According to SoSoValue data, last week the net inflow for Ethereum spot ETFs was $84.42 million. The Ethereum spot ETF with the highest net inflow last week was Blackrock ETF ETHA, with a weekly net inflow of $53.7458 million, bringing the total historical net inflow for ETHA to $11.18 billion. The second was Fidelity ETF FETH, with a weekly net inflow of $37.4766 million, currently having a total historical net inflow of $2.15 billion.The Ethereum spot ETF with the highest net outflow last week was Bitwise ETF ETHW, with a weekly net outflow of $2.7517 million, currently having a total historical net inflow of $382 million. As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.59 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.44%, and the historical cumulative net inflow has reached $10.97 billion.

According to Jinshi, Waller, as the Chairman of the Federal Reserve, presided over the first meeting during his term and decided to keep interest rates unchanged. Although there is a consensus within the committee, maintaining this consensus will become more challenging as inflation concerns intensify. When the Federal Reserve holds its meeting from July 28 to 29, Waller will have the opportunity to guide the discussion on interest rate hikes and grasp the latest inflation data from June.

DeFiLlama data shows that Uniswap's trading fees in the past 24 hours were approximately $5.027 million.Uniswap founder Hayden Adams stated that Uniswap's daily trading fees are second only to Tether and Circle, and significantly higher than projects like Hyperliquid and Pump.

According to Token Terminal data, in the past week, the amount of ETH bridged from the Ethereum mainnet (L1) to Robinhood Chain (L2) has increased by about 10 times, exceeding 100 million USD.It is reported that Robinhood Chain uses ETH as its native Gas token. Token Terminal indicates that if the adoption of this chain continues to grow, it may become a new important source of demand for ETH.

Sharplink Research Director Steven Ehrlich published an analysis pointing out that Ethereum started strong in July 2026, with an increase of about 11% so far this month. Historical data suggests that investors should pay attention to ETH's performance in July. Steven Ehrlich noted that the core advantage of ETH's July performance is not merely volatility, but the asymmetry between rises and falls: when July sees an increase, the average rise is about 43%, while in years of decline, the average drop is only about 5% (from 2020 to 2025).Historically, months of significant gains for ETH are usually driven by "Ethereum-specific catalysts + supply-demand imbalance." The current market environment also presents similar opportunities, such as: institutional infrastructure is being built, the Ethereum roadmap is continuously upgrading, and corporate funds are consistently increasing their holdings of ETH. Currently, Ethereum is entering a new development phase, where institutional adoption, technological upgrades, and capital allocation may become important factors driving ETH's market performance.

According to CoinDesk, the Ethereum Foundation recently disclosed that its security team used AI agents to test the software running on Ethereum validator nodes and successfully discovered a remotely triggerable vulnerability that could cause node crashes. However, researchers emphasized that human review remains a key step in distinguishing real vulnerabilities from false positives among the large number of security reports generated by AI.It is reported that the discovered vulnerability exists in the Ethereum network message propagation protocol gossipsub, where an attacker can remotely trigger the node software to enter an abnormal computation state, causing the program to crash and shut down, making the validator node go offline until the operator manually restarts it. This vulnerability has been fixed and registered under the identifier "CVE-2026-34219."Nikos Baxevanis, a member of the Ethereum Foundation's protocol security team, stated that what was truly surprising about this incident was not the AI's ability to discover vulnerabilities, but rather the amount of time the team spent discerning which vulnerabilities were real and which were merely seemingly credible "illusions."

According to SoSoValue data, yesterday (Eastern Time July 10) the total net inflow of Ethereum spot ETFs was $18.4334 million.The Ethereum spot ETF with the highest net inflow yesterday was the Blackrock ETF ETHA, with a net inflow of $16.2025 million. Currently, the historical total net inflow of ETHA has reached $1.1178 billion.Following that is the Fidelity ETF FETH, with a net inflow of $2.2309 million. Currently, the historical total net inflow of FETH has reached $2.149 billion.As of the time of publication, the total net asset value of Ethereum spot ETFs is $9.588 billion, with an ETF net asset ratio (market value compared to the total market value of Ethereum) of 4.44%. The historical cumulative net inflow has reached $10.974 billion.

According to on-chain analyst Yu Jin's monitoring, Tether uses 15% of its quarterly profits to purchase BTC for its reserve address, which made a test deposit of 4 BTC (worth $250,000) to Binance 5 hours ago.This address transferred 204.3 BTC (worth $14.36 million) to Bitfinex a month ago, when the price of BTC was around $70,000. Previously, Tether would bring the BTC purchased in the quarter onto the chain on the last day of each quarter, but now that the second quarter has ended for over ten days, no new coins have been seen transferred to the reserve address.